My name is Matt. I enjoy helping people with technology related issues. I also like adorable animals.

O! had I the ability, and could I reach the nation’s ear, I would, today, pour out a fiery stream of biting ridicule, blasting reproach, withering sarcasm, and stern rebuke. For it is not light that is needed, but fire; it is not the gentle shower, but thunder. We need the storm, the whirlwind, and the earthquake. The feeling of the nation must be quickened; the conscience of the nation must be roused; the propriety of the nation must be startled; the hypocrisy of the nation must be exposed; and its crimes against God and man must be proclaimed and denounced.

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Joined 2 years ago
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Cake day: June 14th, 2023

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  • $70M “vanishes” to print pennies each year as it costs nearly 4¢ to make 1 penny. (Doesn’t actually vanish, some goes to penny maker’s pockets* - see reply below)

    Does the president really have the power to stop penny printing?

    Maybe.

    The president is to execute laws passed by congress. Congress passes vague laws.

    One example is what coins to print. However, how many to print is left out, just that it should be “the necessary amount”

    So Trump decided that the necessary amount was 0.

    However, if Congress disagrees with the interpretation, then it goes to the courts.

    The courts will ask if there is a precedent… which for the penny specifically - there isn’t really.

    Existing precedent is about rarely used speciality / collector coins which previous presidents used the same method to reduce / eliminate production.

    So maybe this will kill the penny, but also maybe not. If it does kill the penny, it could set an interesting precedent for future presidents to kill off anything congress hasn’t been explicit on.

    … I hope all my president / precedents are correct lol.